Realty Income Corporation (NYSE:O) Short Interest Update

by · The Cerbat Gem

Realty Income Corporation (NYSE:OGet Free Report) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 32,055,666 shares, a drop of 15.9% from the December 31st total of 38,119,759 shares. Based on an average daily volume of 6,671,801 shares, the days-to-cover ratio is presently 4.8 days. Currently, 3.5% of the shares of the stock are sold short. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily volume of 6,671,801 shares, the days-to-cover ratio is presently 4.8 days.

Key Realty Income News

Here are the key news stories impacting Realty Income this week:

Analysts Set New Price Targets

A number of brokerages have recently issued reports on O. Mizuho lowered their price target on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Scotiabank raised shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and set a $67.00 price target for the company in a report on Friday. Wall Street Zen upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.21.

Check Out Our Latest Research Report on Realty Income

Realty Income Price Performance

O stock opened at $61.18 on Monday. The firm has a 50 day simple moving average of $58.27 and a two-hundred day simple moving average of $58.37. The stock has a market cap of $56.28 billion, a PE ratio of 56.65, a P/E/G ratio of 3.92 and a beta of 0.79. Realty Income has a one year low of $50.71 and a one year high of $61.95. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53.

Realty Income (NYSE:OGet Free Report) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm posted $1.05 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. On average, analysts predict that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 5.3%. Realty Income’s payout ratio is 300.00%.

Hedge Funds Weigh In On Realty Income

Large investors have recently modified their holdings of the company. State Street Corp raised its holdings in shares of Realty Income by 1.1% during the second quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after acquiring an additional 676,697 shares in the last quarter. OLD National Bancorp IN bought a new stake in Realty Income in the third quarter valued at $3,391,000. Federated Hermes Inc. increased its position in Realty Income by 13.1% during the 2nd quarter. Federated Hermes Inc. now owns 2,669,031 shares of the real estate investment trust’s stock valued at $153,763,000 after purchasing an additional 309,902 shares during the period. Bank of New York Mellon Corp raised its holdings in Realty Income by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,813,174 shares of the real estate investment trust’s stock worth $334,897,000 after purchasing an additional 84,066 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Realty Income by 78.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 261,315 shares of the real estate investment trust’s stock worth $15,054,000 after purchasing an additional 115,100 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

About Realty Income

(Get Free Report)

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.

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